Adsense

Monday, December 31, 2018

The price of Bitcoin was in a
bullish trend in the last week of December 2018. The crypto has an opening
balance of $4,038.50 but traded and had closing price of $4,023 as at the time
of writing.

In the month of December, Bitcoin lost 0.38% of its capitalization.
In December, neither the bulls nor the bears have control over the price of
Bitcoin. The crypto’s price is below the 12-day EMA and the 26-day EMA
indicating that price is in the bearish trend zone .

Meanwhile,
the MACD line and the signal line are below the zero line which indicates a
sell signal. Meanwhile, the price of Bitcoin is likely to fall as the price is
below the 12-day EMA and the 26-day EMA. In addition, the stochastic is in the
oversold region but below the 20% range. This indicates that the price of
Bitcoin is in a bearish momentum and a sell signal.

The views and opinions expressed
here do not reflect that of BitcoinExchangeGuide.com and do not constitute
financial advice. Always do your own research.

Thursday, December 27, 2018

Yesterday, December 26, the
price of Litecoin was in a sideways trend. In the last 24 hours, there had been
no significant price movement as price ranges above the $30 price level. The
crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that
price is in the bearish trend zone.

As the crypto ranges above
the $30 price level, there is the likelihood of a price breakout. If the
crypto’s price breaks below the $30 price level, the price of Litecoin will
find support at the $24 price level. On the other hand, if price breaks upward,
the crypto will reach the high of $37. Meanwhile, the stochastic indicator out
of the oversold region above the 20% range which indicates that Litecoin
is in a bullish momentum and a buy signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the
price of Litecoin is in a bearish trend. The crypto’s price is below the 12-day
EMA and the 26-day EMA which indicates price is in a bearish trend zone.
The crypto has the tendency to fall. Similarly, the stochastic indicator was
out of the overbought region and it is below the 20% range which indicates that
the crypto is in a bullish momentum and a buy signal.

The
views and opinions expressed here do not reflect that of
BitcoinExchangeGuide.com and do not constitute financial advice. Always do your
own research.

I got an email over the weekend asking about the correlation if any
between gold and the AUD and to be honest I didn’t know if there was any
relationship between the two other than the long bow stories generated by
economists. So I decided to have look. Whenever you start to look at the
relationship between instruments you need to first define what you are looking
at. The email I got implied that they looked the same at present therefore this
implied some form of relationship.

At a glance both instruments at present seemed to be forming some form of
broad congestion but this raises the question as to whether this a relevant
observation since it would be possible to find hundreds of instruments that
currently displaying the same pattern. However, a simple analogy will suffice
to put this into context. If you have two cars driving side by side down a road
this does not imply that they have either come from the same place or more
importantly mean that they are heading towards the same destination.
Correlation between instruments is more nuanced than simply observing that they
look the same.

Correlation can be broken down into two parts, price correlation and
returns correlation. Price correlation looks at whether prices move together
with any degree of regularity and traders often stop their analysis here
because they assume that if they move together then the impact of either an
account or trading system will be the same. The issue with this is that it is
not representative of the full picture. There is a second arm to correlations
and this is the idea that returns between instruments can be correlated. It is
important to note that it is possible for an instruments to have very high
price correlations – in simple terms they look similar but have very different
returns correlations. It is returns that matter to an account not whether something
looks the same as something else.

When breaking down correlations I like to ask a simple question – what
does the value of $1 look like if invested into each instrument since this
takes into account their differing historical returns and unpacks any link
between these returns.

As you can see from the chart the trajectory of $1 invested into either
instrument shows at times a wildly diverging path which was exacerbated during gold’s
Bull Run from 2008 and this raises the question for traders as to which
possible returns would you like to expose your portfolio to. The issue here is
not so much whether instruments look the same and have the same set up but
rather what potential impact will trading them have upon your account. It is
also quite easy to understand the differing nature of these returns by
reference to the environment within which instruments exists.

Metals such as gold are free from Government interference – they can find
their own level. Currencies are not free from such intervention, the fate of
the AUD is intimately linked to Government policy and this ultimately puts
boundaries around where the currency can go to. For example it is impossible
for a currency pair to start its run at $0.75 and for it to be $7.50 three
months later – this sort of move is the preserve of equities.

So outside of currently looking the same my answer to the question as to
whether these two instruments share any meaningful connection for traders I
would have to say no. There will also be someone who talks about the narrative
behind the relationship between commodities and a given currency but my
response to that is that this is an irrelevancy. Traders are not interested in
stories or whether things look the same, they are or should be interested in
returns.

NB: Please note that when
you open a Neteller account and fund it, you need to go to setting, and
click/tap on “unverified” to begin the verification process.

Neteller is a very reliable and dependable financial services. However,
it’s compulsory to get verified by Neteller before you can start enjoying it.
If you fail to get verified, you’ll be frustrated. You’ll not even be able to
use Neteller.

Take your bank account for example, can you use your bank account without
getting fully verified?

A lot of users have been frustrated by the verification process simply
because they don’t know what to do or they do the wrong things. Here are the
things you need to know.

1.You must fund your
Neteller account before you start using it. You can fund with any amount between
5 USD to 50 USD (higher rates are also allowed) before you can start your
Neteller verification process.

2.Ensure that you use
information that can be substantiated when you’re opening a Neteller account.
Certain people use information that cannot be supported by valid documents, and
at the end of the day, they cannot get verified. Make sure that, you use exactly
the date of birth, address, official name, as they appear on your documents.
There are people who change their information too often, owing to fake life or
carefree life. That is why many are having BVN issues.

3.What you need for
verification are:

A document to identify yourself,

A capture of your face,

And a proof of your address.

Your ID and face capturing is the first step. After that is approved, you
capture or upload your proof of address.

Your national ID card (plastic) OR travelling passport OR voter’s card OR
driver’s license is what you will use. . Your documents must be clean, without
stains or tears, not having expired and with all the edges showing.

Your best proof of address is your bank statement, showing your address.
It must be signed and stamped by your bank. Only one page is enough.You may need to use a
high quality scanner to scan your proof of addresses and upload it on Neteller
website.

4.If you have info or
data that you cannot support with documents, do not use it.

5.Use a laptop or a
smartphone with very high quality camera for capturing your face and documents.
Too many people use computers and phones with poor quality cameras and they
don’t know why their documents are being rejected.

It’s best and fastest to do all your verification on the Neteller mobile
app. Otherwise, you can do it on their website.

There are several withdrawal options that you can use in order to
withdraw funds from your NETELLER account. Click on the links below to see all
the details for each option:

1.NETELLER money transfer
– this withdrawal option is available for all NETELLER members. By the NETELLER
money transfer you can instantly send money to other NETELLER member using just
his email address.

2.Transfer to a merchant
site - this is an instant withdrawal option allowing you to transfer funds from
your NETELLER account to a merchant site.

3.Transfer to a Skrill
wallet – this is an instant withdrawal option allowing you to transfer funds
from your NETELLER account to your Skrill account. The transaction is initiated
into the Skrill wallet as a deposit and the funds are instantly transferred.

4.Net+ Prepaid
Mastercard®* - there are two types of Net+ Prepaid Mastercard®: Net+ Plastic
Prepaid Mastercard® and Net+ Virtual Prepaid Mastercard®. With the Net+ Prepaid
Mastercard® you can make instant payments and ATM withdrawals.

5.International bank
withdrawal – this withdrawal option is available for the majority of the
countries. The International bank withdrawal allows you to transfer funds from
your NETELLER account directly to your bank account.

6.Bank transfer
withdrawal – this withdrawal option is available for the members residing in
Europe. The Bank transfer withdrawal allows you to quickly transfer funds from
your NETELLER account directly to your bank account.

7.Local bank withdrawal
– this withdrawal option is available for the members residing in some
countries from Latin America. The Local bank withdrawal allows you to quickly
transfer funds from your NETELLER account directly to your bank account.

8.Mobile wallet withdrawal
– this is an instant withdrawal option allowing members from certain countries
to withdraw funds from their NETELLER account to mobile number registered in
their account.

9.Send money to mobile
phone – this is an instant withdrawal option allowing members registered in all
countries (except USA and Canada) to transfer funds to a mobile wallet in
several countries.

Please note that a foreign exchange (FX) fee of 3.99% will be applied to
any NETELLER transaction which involves changing currencies.

Tuesday, December 25, 2018

BTC/USD

Dominant
trend:
Bearish

Supply
zone:
$6400, $7200, $8000Demand
zone: $2500,
$2000, $1500

The market remains under the control of the bears on the
long-term outlook. Having achieved the predicted target last week at $3377 on
7th December and a further drop to $3277 in the demand area, the bears seems to
have a brief rest. Exhaustion at the demand area denoted by wicks coupled with
hammer signalled the bulls gradual return.

BTC/USD was up at $3800 on 8th December, but a further
upward movement was rejected around the 10-EMA. The cryptocurrency provides a
down-trending market scenario with the formation of lower highs and lower lows.

With the price below the two EMAs that are fanned apart which
suggest strength in the context of the trend and in this case the downtrend,
BTCUSD may be set for a new lower low as the bears’ pressure becomes much
stronger.

ETH/USD

Dominant
trend: Bearish

Supply
zones: $200, $220, $240Demand
zones: $50, $40, $30

The bears’
pressure was sustained in the past week as Ethereum went
further down to $83.00 in the demand area on 7th December closing the week
lower than the previous at $111.52. Rejection to further downward price
movement was obvious as the bulls return this was signalled by the two hammers
formation a strong indication of trend reversal.

$102.50 in the supply area was retested as the new week began on
9th December.

This flag formed by the bullish pressure was necessary for the
market correction before the downtrend continuation. With the price below the
EMAs an indication of strong bears pressure, $53.93 the 261.8 fib level in the
demand area may be tested in days ahead

Saturday, December 22, 2018

Gulf
Keystone shares (LSE:GKP) are currently under bearish pressure. The bearish
pressure was strong enough to overturn the recent bullishness in the market.

A “sell”
signal appeared in October 2018 when price dropped below the lower Trendline, and
it has held out till now, causing a Bearish Confirmation Pattern to appear in
the market. The RSI period 14 is in the
oversold region, denoting weakness in the market.

In the
last few months, any upwards bounces in the market have been taken as valid shorting
signals and this is supposed to continue for the next few months. The bias on
Gulf Keystone is bearish and thus, long trades are not recommended.

There is nothing strange or nothing special on Tern stock (LSE:TERN).
Price trended downwards in July, August and September 2018 (despite rally
efforts along the way), and it has been consolidating since then.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The
color that stands for each EMA is shown at the top left part of the chart. Each
EMA is flat and with no directional movement. This means the trend is flat.

There is nothing special on TERN at the moment as the market is
essentially trendless. However, there may soon be a breakout, which might
really favor bulls.

Tuesday, December 18, 2018

Yesterday, December 18, the
price of Ethereum was in a sideways trend. On December 17, the ETH price closed
at a price of $98.81 after a bullish trend. After that, the crypto’s price went
into a sideways trend after facing resistance at the $98 price level. The
crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that
price is likely to rise.

The crypto’s price broke the
resistance at $100 price level and it is approaching the price at $105. On the
other hand, if price breaks below the 12-day EMA and the 26-day EMA, the crypto
will resume its downward trend. Meanwhile, the MACD line and the signal line
are above the zero line which indicates a buy signal. Also, the price of ETH is
above the 12-day EMA and the 26-day EMA indicating that price is in the bullish
trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the
crypto's price was in a bullish trend. The price of Ethereum reached the high
of $99.20 and commenced a range bound movement. The crypto’s price is
fluctuating below and above the 12-day EMA.

If price breaks below the
12-day EMA and 26-day EMA, the crypto will resume its downtrend. On the upside,
the crypto’s price has the tendency to rise above the EMAs but must break the
resistance to reach other levels of prices.

The views and opinions expressed here do not
reflect that of BitcoinExchangeGuide.com and do not constitute financial
advice. Always do your own research.